Swatch Group Sales Down in 2015
The Swiss watchmaker saw its sales decrease for the first time in six years, stung by the strength of the franc and weakness in the Hong Kong market.
LVMH Sees Watch, Jewelry Profits Climb
The luxury goods conglomerate had success with Bulgari and TAG Heuer’s new smartwatch in 2015, though its CEO acknowledged that global economic “uncertainty” remains.
Helzberg Gives Customer 48 Hours to Propose
As part of its “We Propose You Propose” Valentine’s Day promotion, Helzberg Diamonds told one man that he could have his engagement ring for free if he popped the question within 48 hours.
Amazon Passes $100B in Sales
The online retailing giant known for sacrificing profits for the sake of growth also reported a substantial increase in net income in 2015.
Tiffany Pushes More into Perfume
The brand announced Wednesday that it will launch a new line of men’s and women’s fragrances in an agreement with perfume-maker Coty, which makes scents for Chopard and celebrities such as Beyonce and Katy Perry.
Walmart to Close 269 Stores Worldwide
More than half of the stores set to close are located in the United States, and the closures will effectively mean the end of the Walmart Express small-format store concept.